Russia just pulled out of the Petrodollar and stopped gas to Europe

Cant find an article through the usual media outlets at the present time...Russian gas transit to Europe via Ukraine will be stopped. This was announced by the head of "Gazprom"

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Now the Ukrainian gas transportation system is the main channel for Russian gas supplies to its main customer - the European Union. We are talking about a volume of 63 billion cubic meters per year. Total in 2013 "Gazprom" has sold to Europe 161.5 billion cubic meters of gas. In 2014, according to preliminary estimates, the volume of shipments fell by about 10 percent. The remaining volumes are supplied by pipeline running through Belarus, Turkey and the "Nord Stream" (under the Baltic Sea to Germany).

Re: Russia just pulled out of the Petrodollar and stopped gas to Europe

SWMBO has been reading about this on Ukrainian sites.She doesn't believe it will happen partly because of costs but also because, according to what she has read, Turkey want 50% of the profits. I can't find any link in English to verify this, though.

Forum Moderator and CustomerCourage is resistance to fear, mastery of fear, not absence of fear - Mark TwainHe who feared he would not succeed sat still

Re: Russia just pulled out of the Petrodollar and stopped gas to Europe

Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Fail, that its neighbour has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,” Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis “within hours.” Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was “completely unacceptable,” but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, “the decision has been made.”